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Hitachi

November 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HCU
  • Price:
  • 259p
A battered old veteran in the Finance sector and a favourite amongst private client brokers, Hitachi Capital (HCU; 259p) finally showed signs of coming back to life following its H1 results. These showed pretax profit lifting by 47% to £7.5m and earnings per share benefiting from the settlement of a prior year tax claim rising 70% to 13.9p. The H1 dividend also rose 8% to 3.5p. Hitachi is a credit finance company offering a range of finance and leasing services to business customers. It comprises five lending niches: unsecured retail finance through retailers, asset backed financing for plant and equipment, Fleetlease, which provides car contract hire and fleet management and the sale of extended warranties and payment pro ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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